PEPE Whale Goes On Buying Spree: Bags 420 Billion Tokens
The cryptocurrency industry has been on a roller coaster ride. Meme coins like PEPE have been undergoing significant volatility. The altcoin saw more than 34% rise over the past seven days. However, the meme coin was trading at $0.000008376 at press time, with a 0.26% drop over the past 24 hours. The 42% rise in daily volume increased selling activity instead of buying since the asset price did not see a massive surge. According to data from Changelly, PEPE is expected to record an uptick in the next couple of days. The asset will trade around $0.00001041 on August 15, following a 24% surge from its current price level. This surge, eliminating a zero, gives meme coin investors a much-needed boost. Whale Activity and Market Impact Whale’s Buying Spree Amidst this, a prominent whale named “cookislandstrust.eth” was seen making news for its moves. The whale has been buying a large amount of meme currency. Recent Purchases Recent data shows the whale bought an impressive 420 billion PEPE t...